Selling Pressure from Institutions and Proprietary Trading Plunges SET by 14 Points
The total value of buying and selling separated by investor's type as of July 04, 2019.
– SET Closed at 1,724.37 points, declined 14.14 points or 0.81% with a trading value of THB 88,848 billion. SET index closed in the negative territory by 14 points due to the effect of selling pressure from investors poured for the profit taking, especially power generation stocks.
The big movers in the market today were stocks involving in power plant business such as BCPG Public Company Limited (BPCG), Gulf Energy Development Public Company Limited (GULF) and Global Power Synergy Public Company Limited (GPSC).
The analyst said after the aforementioned stocks had been hiking recently, believing the selloff was from institutions. Moreover, the analyst stated that the profit taking could occur anytime after the Thai market rises to a certain point.
– Institutions and Proprietary Trading poured a net sell of THB3,457.54 million while Foreign Investors continue to net buy Thai shares for the 4th day at THB1,599.63 million.
